List of Banks in South Africa

List of Banks in South Africa; Banking system in South Africa includes 10 locally controlled banks, 7 foreign controlled banks, 3 mutual banks, 2 co-operative banks as well as over 50 branches and representative offices of foreign banks across the country.

The total assets of banking sector amounted to approximately ZAR 6 trillion as at 2018 according to a data from South African Reserve Bank.

VISA and Mastercard are among the most common card types in South Africa. When withdrawing money using your debit card at an ATM, you won’t usually be charged a flat fee at the ATM, but will instead pay the standard withdrawal fees associated with your account.

These fees vary significantly depending on the terms of your account.

We have the Banks in South Africa with a little overview of the individual banks below.